CHARTERED ACCOUNTANTS ACADEMY (CAA) CFO FORUM Presenter: Thabo Mashamba | CAA, National Treasury | 7 March 2017
PURPOSE OF THE CA ACADEMY • To alleviate current shortage of financial skills – The CAA would assist in alleviating the current shortage of financial skills in the public sector. • To develop in-house skills – Trainees obtain valuable Public sector experience; • To provide career opportunity – CA Academy will provide opportunities for current employees to further their careers and acquire recognition with SAICA.
PURPOSE OF THE CA ACADEMY (CONT. ) • To provide a pool of financial resources. – CAA will result in a pool of in-house accountants available to select for placements in the public sector. • To recruit best graduates – National Treasury has the opportunity to recruit high potential graduates from the marketplace before they have a chance to join any other company.
PRIMARY SITES – Primary sites refers to any government institutions that are part of the CAA through a signed MOU. – The following institutions are CAA primary sites: • City of Joburg Metropolitan Municipality since 2010 • City of Cape Town Metropolitan Municipality since 2010 • e. Thekwini Metropolitan Municipality since 2010, and • Department of Home Affairs since 2012 – National Treasury remains responsible for all administrative matters.
NATIONAL TREASURY ELECTIVES Pervasive skills: - Ethics & professionalism - Personal attributes - Professional skills Internal Audit, Risk Management & Governance Financial management Auditing & assurance Performance measurement & reporting Taxation Management decision-making
SAICA CA CURRICULUM (CONT) RESIDUAL SKILLS The balance of the prescribed skills areas ELECTIVE SKILLS BASIC EXPERIENCE – enough time to achieve a general awareness of the vocabulary and related concepts of the field with demonstrated competence in simple, uncomplicated situations At least ONE of the prescribed skills COMPULSORY SKILLS 1. Performance measurement & reporting 2. Pervasive professional skills ADVANCED EXPERIENCE – enough time to achieve a comprehensive understanding and application of the concepts and techniques with demonstrated competence in complex situations or environments
ITC RESULTS STATS QE 1/ITC NATIONAL TREASURY YEAR TOTAL WROTE TOTAL PASS NATIONAL AVERAGE % PASS RATE 2008 4 0 0. 0% 54% 2009 10 4 40. 0% 58% 2010 6 1 16. 7% 51% 2011 14 10 71. 4% 64% 2012 14 11 78. 6% 64% 2013 8 7 87. 5% 73% Jan-14 9 5 55. 6% 74% Jun-14 4 3 75. 0% 58% Jan-15 11 9 81. 8% 76% Jun-15 2 2 100. 0% 63% Jan-16 8 6 75. 0% 76% Jun-16 2 0 0. 0% 34%
APC RESULTS STATS QE 2/APC NATIONAL TREASURY NATIONAL AVERAGE YEAR TOTAL WROTE TOTAL PASS % PASS RATE 2008 2 0 0. 0% 79% 2009 3 1 33. 3% 64% 2010 8 5 62. 5% 72. 5% 2011 7 7 100. 0% 83. 2% 2012 8 5 62. 5% 64% 2013 13 10 76. 9% 86% 2014 3 2 66. 7% 52% 2015 7 5 71. 4% 86% 2016 9 7 77. 8% 88% 2017 13 13 100. 0% 89%
APC RESULTS STATS Details Total intake to date On the programme - With APC - With ITC - With CTA Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Intake per annum 10 7 5 8 11 7 9 10 10 9 86 30 12 7 11 Cancelled contracts No. that completed training Qualified CA's No. that didn't complete studies Success ratio 44/52 56 4 52 44 8 84. 6
RETENTION RATE Year Number Percentage 2011 7/8 87. 5% 2012 5/7 71. 4% 2013 3/4 75. 0% 2014 8/8. 100. 0% 2015 10/10. 100. 0% 2016 5/7 71. 4% 2017 4/8 50. 0%
CAA BENEFITS • Secondment of trainees to other departments • Permanent placement at primary sites and other government institutions post articles. • Assets to public sector that must be preserved.
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